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<h1>Regulation 2(1)(aa) Defines Key Terms for Alternative Investment Funds Under 2012 SEBI Regulations, Ensuring Clarity and Compliance</h1> The Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012, outlines the regulatory framework governing alternative investment funds (AIFs) in India. Regulation 2(1)(aa) provides definitions crucial for understanding the terms used within these regulations. These regulations are part of a broader legal framework that includes references to the Income-tax Act, 1961, highlighting the intersection of securities regulation and taxation. The provisions aim to ensure clarity and compliance in the management and operation of AIFs, contributing to the overall governance and oversight of investment activities in the financial market.